IOCJY (Iochpe-Maxion) Cyclically Adjusted PB Ratio: 0.32 (As of Sep. 13, 2026) — 42% Below Median

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Director of Data and Quant Analytics at GuruFocus
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Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

IOCJY Iochpe-Maxion SA IOCJY
52 GF Score
Price $0.65
GF Value $0.82
Valuation Modestly Undervalued
! 4 Warning Signs
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What is Iochpe-Maxion Cyclically Adjusted PB Ratio?

Iochpe-Maxion IOCJY 52 Cyclically Adjusted PB Ratio is 0.32 as of Sep. 13, 2026, which is 42% below its 10-year median of 0.55. GuruFocus rates IOCJY with a GF Score™ of 52/100 and a GF Value™ of $0.82 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 926 Vehicles & Parts companies, Iochpe-Maxion ranks better than 87.15% on this metric.

As of today (2026-09-13), Iochpe-Maxion's current share price is $0.65315. Iochpe-Maxion's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was $2.05. Iochpe-Maxion's Cyclically Adjusted PB Ratio for today is 0.32.

The historical rank and industry rank for Iochpe-Maxion's Cyclically Adjusted PB Ratio or its related term are showing as below:

IOCJY' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.3   Med: 0.55   Max: 1.5
Current: 0.33

During the past years, Iochpe-Maxion's highest Cyclically Adjusted PB Ratio was 1.50. The lowest was 0.30. And the median was 0.55.

IOCJY's Cyclically Adjusted PB Ratio is ranked better than
87.15% of 926 companies
in the Vehicles & Parts industry
Industry Median: 1.21 vs IOCJY: 0.33

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

Iochpe-Maxion's adjusted book value per share data for the three months ended in Jun. 2026 was $1.779. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is $2.05 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Iochpe-Maxion  (OTCPK:IOCJY) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Iochpe-Maxion Cyclically Adjusted PB Ratio Related Terms


Iochpe-Maxion Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Iochpe-Maxion's Cyclically Adjusted PB Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Iochpe-Maxion Cyclically Adjusted PB Ratio Chart

Iochpe-Maxion Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.66 0.46 0.48 0.39 0.34

Iochpe-Maxion Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Cyclically Adjusted PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.45 0.40 0.34 0.31 0.30

IOCJY vs ORLY, AZO, GPC: Cyclically Adjusted PB Ratio Comparison

For the Auto Parts subindustry, Iochpe-Maxion's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Iochpe-Maxion Cyclically Adjusted PB Ratio vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Iochpe-Maxion's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Iochpe-Maxion's Cyclically Adjusted PB Ratio falls into.


IOCJY
52GF Score
Iochpe-Maxion SA IOCJY
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Iochpe-Maxion Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

Iochpe-Maxion's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.65315/2.05
=0.32

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Iochpe-Maxion's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Iochpe-Maxion's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book=Book Value per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=1.779/177.5443*177.5443
=1.779

Current CPI (Jun. 2026) = 177.5443.

Iochpe-Maxion Quarterly Data

Book Value per Share CPI Adj_Book
201609 1.943 109.986 3.136
201612 1.842 110.802 2.952
201703 1.781 111.869 2.827
201706 1.743 112.115 2.760
201709 1.760 112.777 2.771
201712 1.730 114.068 2.693
201803 1.769 114.868 2.734
201806 1.669 117.038 2.532
201809 1.601 117.881 2.411
201812 1.679 118.340 2.519
201903 1.755 120.124 2.594
201906 1.767 120.977 2.593
201909 1.795 121.292 2.627
201912 1.721 123.436 2.475
202003 1.756 124.092 2.512
202006 1.586 123.557 2.279
202009 1.555 125.095 2.207
202012 1.472 129.012 2.026
202103 1.490 131.660 2.009
202106 1.566 133.871 2.077
202109 1.688 137.913 2.173
202112 1.563 141.992 1.954
202203 1.591 146.537 1.928
202206 1.761 149.784 2.087
202209 1.716 147.800 2.061
202212 1.644 150.207 1.943
202303 1.639 153.352 1.898
202306 1.730 154.519 1.988
202309 1.722 155.464 1.967
202312 1.672 157.148 1.889
202403 1.692 159.372 1.885
202406 1.701 161.052 1.875
202409 1.664 162.342 1.820
202412 1.663 164.740 1.792
202503 1.665 168.102 1.759
202506 1.733 169.670 1.813
202509 1.742 170.739 1.811
202512 1.763 171.765 1.822
202603 1.744 175.066 1.769
202606 1.779 177.544 1.779

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

What does a Cyclically Adjusted PB Ratio of 0.32 mean?
Iochpe-Maxion (IOCJY) has a Cyclically Adjusted PB Ratio of 0.32 as of Sep. 13, 2026. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Iochpe-Maxion and its competitors. This is 42% below median its historical median of 0.55. Over the past decade, Iochpe-Maxion's Cyclically Adjusted PB Ratio has ranged from 0.30 to 1.50. According to the industry distribution chart, Iochpe-Maxion ranks #119 out of 926 companies in the Vehicles & Parts industry, placing it in the top 12.9%.
Is Iochpe-Maxion's Cyclically Adjusted PB Ratio too high?
Iochpe-Maxion's current Cyclically Adjusted PB Ratio of 0.32 is 42% below median its 10-year median of 0.55. Over the past 10 years, this metric has ranged from a low of 0.30 to a high of 1.50. The Vehicles & Parts industry median Cyclically Adjusted PB Ratio is 1.21. Iochpe-Maxion's value of 0.32 is 73.6% below this industry median. Based on the distribution chart, Iochpe-Maxion ranks #119 out of 926 companies in the Vehicles & Parts industry, which is in the top quartile — a strong position relative to peers. Overall, Iochpe-Maxion has a GF Score™ of 52/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Iochpe-Maxion's Cyclically Adjusted PB Ratio compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Iochpe-Maxion ranks #119 out of 926 companies for Cyclically Adjusted PB Ratio. This places Iochpe-Maxion in the top 13% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.21. Iochpe-Maxion's value of 0.32 is 73.6% below this benchmark. Historically, Iochpe-Maxion's own Cyclically Adjusted PB Ratio has ranged from 0.30 to 1.50 over the past decade. While the company's 10-year median is 0.55 vs. the industry median of 1.21, Iochpe-Maxion has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PB Ratio for a Vehicles & Parts company?
The median Cyclically Adjusted PB Ratio among Vehicles & Parts companies is 1.21, based on 926 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Iochpe-Maxion's current Cyclically Adjusted PB Ratio of 0.32 is 73.6% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PB Ratio mean?
A high Cyclically Adjusted PB Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Iochpe-Maxion and its competitors. For the Vehicles & Parts industry, the median Cyclically Adjusted PB Ratio is 1.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Iochpe-Maxion's current Cyclically Adjusted PB Ratio is 0.32, which is 42% below median its own 10-year median of 0.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Iochpe-Maxion stock overvalued right now?
Based on GuruFocus' analysis, Iochpe-Maxion (IOCJY) is currently considered Modestly Undervalued. The stock's GF Value™ is $0.82, compared to a current price of $0.65 — trading 20.3% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.32, which is 42% below median its 10-year median of 0.55 and 73.6% below the Vehicles & Parts industry median of 1.21. Iochpe-Maxion's overall GF Score™ is 52/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For Iochpe-Maxion (IOCJY), the current Cyclically Adjusted PB Ratio is 0.32 as of Sep. 13, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Iochpe-Maxion (IOCJY) Overvalued in 2026?

Based on GuruFocus' analysis, Iochpe-Maxion stock appears to be undervalued. The current stock price of $0.65 is trading 20.3% below its estimated GF Value™ of $0.82. GuruFocus considers Iochpe-Maxion to be Modestly Undervalued.

Key valuation signals for IOCJY:

  • Cyclically Adjusted PB Ratio: 0.32 (42% below median its 10-year median of 0.55)
  • GF Value™: $0.82 vs. price of $0.65 (20.3% below fair value)
  • GF Score™: 52/100 with 4 warning signs
  • Industry Position: 73.6% below the Vehicles & Parts median (#119 of 926)

No single metric tells the full story. See the IOCJY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Iochpe-Maxion Business Description

Other Exchanges MYPK3:Brazil
Address Rua Dr. Othon Barcellos, 83, Cruzeiro, SP, BRA, 012730-900
Iochpe-Maxion SA is a Brazilian company principally involved in the manufacturing of automobile parts. Its core business is the production of wheels and structural components for light and commercial vehicles and equipment for railways. The products produced and sold by the company and its subsidiaries are divided between the Maxion Wheels and Maxion Structural Components divisions. A majority of its revenue is generated from the sale of steel and aluminum wheels for light and commercial vehicles. Geographically, the group generates maximum revenue from its business in Europe, followed by North America, South America, Asia, and other regions.
52GF Score

Get the complete analysis for IOCJY

Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$0.65
Price
$0.82
GF Value